The chief executive of a U.S. payments processor is being charged in connection with an alleged plan to funnel illegal political contributions during the 2016 presidential campaign.
In response to calls from the banking industry, U.S. regulators have eased reporting requirements for banks servicing client businesses involved in hemp, the low-THC strain of cannabis used for...
An Ethereum Foundation employee has been arrested by U.S. authorities for allegedly teaching attendees of a conference in North Korea how to use cryptocurrency and blockchain technology to evade...
U.S. officials have extradited a Russian national accused of selling stolen credit card data, with authorities alleging that he exploited virtual currencies and money transfer services to accept...
A Turkish bank is fighting back against sanctions evasion charges by U.S. officials, dismissing the allegations as legal overreach and claiming they are motivated by a desire to punish the country...
An entity marketing itself as a payment processor is at the center of a lawsuit accusing a cryptocurrency exchange and stablecoin issuer of market manipulation, resulting in damages claims of $1...
Further legislative and regulatory action is needed to clear the lingering haze around the banking issue facing the U.S.’ legalized cannabis industry, despite the recent passage of a landmark bill...
The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has formed a new division to identify money laundering and other financial crime threats stemming from outside American...
The online gaming industry appears to have the upper hand in its battle with the U.S. Department of Justice (DOJ) over the U.S. Wire Act of 1961, but a leading gaming attorney in Washington, D.C....
Financial institutions are being urged to stem the flow of illicit funds from illegal wildlife trafficking, which drives as much as $23bn in revenue per year and is set to become an area of focus...
A New Hampshire federal court's ruling that the Wire Act applies only to electronic sports gambling should be a significant reassurance to payment processors and providers operating in other types...
A gang of international cybercriminals that used a network of malware-infected computers and money mule accounts to attempt the theft of $100m from thousands of victims has been indicted by a U.S....
Payment processors for U.S. lotteries must stay in “wait and see” mode after a recent brief from the Department of Justice offered little clarity for providers grappling with the confusion around...
Less than one week after fining Standard Chartered $1.1bn over failures in its sanctions and anti-money laundering controls, U.S. authorities have hit another European bank, UniCredit, with an even...
On April 10, 2019, the Department of Justice published a white paper titled “Promoting Public Safety, Privacy, and the Rule of Law Around the World: The Purpose and Impact of the CLOUD Act”. The...
Banking giant Standard Chartered will pay a total of $1.1bn in fines to United States and UK authorities after allegations it failed to properly apply anti-money laundering (AML) and sanctions...

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